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Another simple system - Time-Frame 15

  • #20,341
  • Mar 15, 2013 5:36am Mar 15, 2013 5:36am
You guys got balls of pips! hahaha! Very impressive entries! Someone's still 'dancing'. hehehe.
Quoting Xhale
Well "I'm same with you"...... Anyone else?
  • #20,342
  • Mar 15, 2013 5:39am Mar 15, 2013 5:39am
Quoting Jackub
Jordfx, please take look on marked candle on your chart, wasn't it a valid entry??
Jacek

Jackub, let me ask you the kind of questions you( and so many others) should keep asking until it sticks! How do you determine whether to be a buyer or a seller for intraday trading? ( with respect to this thread's strategy of course!)
  • #20,343
  • Mar 15, 2013 5:54am Mar 15, 2013 5:54am
Quoting Xhale
Well "I'm same with you"...... Anyone else?
  • #20,344
  • Mar 15, 2013 5:55am Mar 15, 2013 5:55am
Quoting jordfx
Jackub, let me ask you the kind of questions you( and so many others) should probably be asking. How do you determine whether to be a buyer or a seller for intraday trading?
Jordfx, What I am trying to do is to determine direction of the trade for the day, watching, before I decide to place an order on H4, H1 sometimes D1.
It is the most difficult part of the game for me. I have on my chart 10, 50, 200 EMA's and take only basics entry described by LE1 (away of 200EMA). But I practise my eyes on other stuff like crossing MA's candles patterns, S/R etc...learning process is going slowly, veeeery slowly...

Jacek
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 38 KB
JacekPreserve Precious Capital
  • #20,345
  • Mar 15, 2013 6:07am Mar 15, 2013 6:07am
Quoting jordfx
You guys got balls of pips! hahaha! Very impressive entries! Someone's still 'dancing'. hehehe.
Another today
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 18 KB
What is any ocean but a multitude of drops?
  • #20,346
  • Mar 15, 2013 6:09am Mar 15, 2013 6:09am
Quoting Axiom
The clues for me are:
1. the two bounces from the bottom of TOK 5H range (also 200ema)
2. the bullish engulfing bar before the breakout
3. bullish div on M15 TDI (MBL also above 50)
4. longish lower wicks on M15 candles an hour before BO
5. HL on H4

The challenge is to spot these in real time.

Axiom
http://www.forexfactory.com/attachme...1&d=1363302010

Hi Axiom,

I know it is a challenge to spot candlestick patterns and that will take many more screen hours for anyone to practice. It took me a very long time and that is why I only look for H4 and D CS patterns as these can be seen forming in lower TF.

For that example above, I updated some remarks shown inf the chart below. That H4 Pop Gun was easier to anticipate beacsue on lower TF M15, there were two high and low points which I circled in the chart above. That two high and low covers the previous candles which formed the last two H4 candles. Can you see that? There was sufficient time several M15 candles later then a OB H4 close and that made the Pop Gun complete and there was till sufficient time to look for a M15 trigger.

Some of the common CS patterns can be automated with indicators to pop up alerts when a defined pattern show up on a chart and we don't need to look at the charts so closely in lowre TF.

Today the TOK _5H range play out well for GU again but I am not trading except managing open trades from yesterday.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 14 Mar M15 POMO 15-3-2013 6-53-20 AM.png Size: 133 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,347
  • Mar 15, 2013 6:11am Mar 15, 2013 6:11am
Quoting Jackub
Jordfx, What I am trying to do is to determine direction of the trade for the day, watching, before I decide to place an order on H4, H1 sometimes D1.
It is the most difficult part of the game for me. I have on my chart 10, 50, 200 EMA's and take only basics entry described by LE1 (away of 200EMA). But I practise my eyes on other stuff like crossing MA's candles patterns, S/R etc...learning process is going slowly, veeeery slowly...

Jacek
Very good attempt. But you see the problem most times with most traders is REFUSING TO FOLLOW THE RULES! If you stick to the basics described by LE1, then you'll see in black and white that direction to trade for the day is the EASIEST part of this strategy. Why are you making it difficult?

("...But I practise my eyes on other stuff like crossing MA's candles patterns, S/R etc...learning process is going slowly, veeeery slowly...")

FORGET EVERYTHING ELSE...FOR NOW!

Study LE1s method for determining direction. Takes 5MINS!!!

Then you can start figuring out ENTRIES. It really is as simple as that. (No really hard rules about that, but still very do-able).
  • #20,348
  • Mar 15, 2013 6:18am Mar 15, 2013 6:18am
[quote=terminator12;6516840]
Quoting Hcp

Hi Emmanual , Could u please send me some charts of Trade Manager , Would like to see example , Tried to set it up .
Hi terminator,

The MULTI-PURPOSE TRADE MANAGER link I posted before in this thread and recently in the TMS thread link below:

http://www.forexfactory.com/showthre...28#post6513628

Read that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,349
  • Mar 15, 2013 6:19am Mar 15, 2013 6:19am
Quoting Xhale
Another today
Awesome! How many pairs you watching now for intraday scalping? You got extra couple a eyes or something? lol. Nice trades buddy.
  • #20,350
  • Mar 15, 2013 6:26am Mar 15, 2013 6:26am
Quoting jordfx
Awesome! How many pairs you watching now for intraday scalping? You got extra couple a eyes or something? lol. Nice trades buddy.
Couple extra monitors

I watch mainly EU and EJ but will trade others when my news feed reports strong bids/offers.
What is any ocean but a multitude of drops?
  • #20,351
  • Mar 15, 2013 6:29am Mar 15, 2013 6:29am
Quoting Xhale
Couple extra monitors

I watch mainly EU and EJ but will trade others when my news feed reports strong bids/offers.
  • #20,352
  • Mar 15, 2013 6:53am Mar 15, 2013 6:53am
re test 1.3015 and 50EMA, entry.
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  • #20,353
  • Mar 15, 2013 7:04am Mar 15, 2013 7:04am
Quoting aren
re test 1.3015 and 50EMA, entry.

why is re-test of 1.3015 significant for this trade entry decisions?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,354
  • Mar 15, 2013 7:48am Mar 15, 2013 7:48am
Quoting kaka_ht
I'm same with you:
Add one more EJ long!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ22013-03-15_194319.png Size: 14 KB
  • #20,355
  • Mar 15, 2013 7:52am Mar 15, 2013 7:52am
for me, 15 or 85 are trend position.
the angle of 50 EMA is 26, it means the trend is not change.
the price re tested 1.3011-close of yesterday and back to 50ema-1.3015.

see more in the book<the simple dance>,Copyright Clay Ferrell
Attached File(s)
File Type: pdf The Simple Dance.pdf   3.2 MB | 1,079 downloads
  • #20,356
  • Mar 15, 2013 8:00am Mar 15, 2013 8:00am
Quoting aren
for me, 15 or 85 are trend position.
the angle of 50 EMA is 26, it means the trend is not change.
the price re tested 1.3011-close of yesterday and back to 50ema-1.3015.

see more in the book<the simple dance>,Copyright Clay Ferrell
thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,357
  • Mar 15, 2013 8:00am Mar 15, 2013 8:00am
Missed out so badly this am, well done to those that grabbed ej earlier.

W M3 held for an hour, system entry in trend a quick 20 hit and run. Not the biggest trade but EUR was struggling at the RN and uj was going down which could also give ej problems following through.

OK 20 a day keeps the doctor away.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 36 KB
  • #20,358
  • Mar 15, 2013 8:30am Mar 15, 2013 8:30am
Quoting Vantage
Missed out so badly this am, well done to those that grabbed ej earlier.

W M3 held for an hour, system entry in trend a quick 20 hit and run. Not the biggest trade but EUR was struggling at the RN and uj was going down which could also give ej problems following through.

OK 20 a day keeps the doctor away.
UJ fell strongly and stop would have been hit so very happy with that 20 pip smash and grab.
  • #20,359
  • Mar 15, 2013 9:42am Mar 15, 2013 9:42am
going flat into weekends. didn't have good exits, but uh hell.... shit happens. that's what i get for being greedy.

should be very interesting week next week.
  • #20,360
  • Mar 15, 2013 10:00am Mar 15, 2013 10:00am
Quoting Xhale
Another today
congrats mate. nice trade. awesome entry and exit.
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